New Jersey County to Tokenize $240B in Property Deeds on Avalanche Blockchain

Description

Key Takeaways: Bergen County will tokenize $240B in property deeds using the Avalanche blockchain. The project aims to cut deed processing times by over 90% and reduce fraud. Balcony plans to expand nationally as the tokenization market eyes a $16T future. Bergen County, New Jersey’s most populous region, has signed a landmark five-year agreement with blockchain land records firm Balcony to tokenize 370,000 property deeds on the Avalanche blockchain. The project represents an estimated $240 bill...